Flint Corporation owns machinery that cost $33,200 when purchased on January 1, 2020. Depreciation has been recorded at a rate of $4,980 per year, resulting in a balance in accumulated depreciation of $9,960 at December 31, 2021. The machinery is sold on September 1, 2022, for $21,420. Prepare journal entry to update depreciation for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)